Welcome back to the Big Apple. Now pony up.
Pandemic-weary New Yorkers who fled the five boroughs at the height of the coronavirus crisis are returning to a city where the median Manhattan rent reached $4,000 for the first time ever, a new report says.
According to realtor Douglas Elliman, the skyscraping Manhattan rent in May was just over 25% what it was a year earlier, when the median rent was $3,195, a relative bargain at the time.
